NMDC revises iron ore prices, stock slips

Posted on 06 July 2017
 

Source: India Infoline

National Mineral Development Corporation (NMDC) has revised the iron ore prices with effect from Wednesday.

The Lump Ore Prices at Rs 2,225 WMT and Fines at Rs 1,985 WMT. The Freight on Road (FOR) prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.

Meanwhile, the stock traded in the negative territory on BSE slipping 0.18% at Rs 111.25 per share on BSE on Tuesday.

As per market observers, the stock is providing a dividend yield of 12.33%. The company has been maintaining a dividend payout ratio of 70.07%.

On NSE, the stock attracted a traded volume of 58,141 shares and a traded value of Rs 64.64 lakh.

NMDC Limited is an India-based company engaged in mining of iron ore. The company’s segments include Iron Ore, and Other minerals and services. It is also engaged in the production and sale of diamond, sponge iron and wind power.

Stock View:

NMDC Ltd is currently trading at Rs 111.35, down by Rs 0.1 or 0.09% from its previous closing of Rs 111.45 on the BSE.

The scrip opened at Rs 111.4 and has touched a high and low of Rs 111.8 and Rs 110.7 respectively. So far 416611(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 35261.56 crore.

The BSE group ‘A’ stock of face value Rs 1 has touched a 52 week high of Rs 152.5 on 02-Mar-2017 and a 52 week low of Rs 94 on 19-Jul-2016. Last one week high and low of the scrip stood at Rs 114.1 and Rs 103.8 respectively.

The promoters holding in the company stood at 74.94 % while Institutions and Non-Institutions held 21.59 % and 3.47 % respectively.

The stock is currently trading below its 200 DMA. 



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